Trending stocks: Vedanta shares rise nearly 3% in early session

NEW DELHI: Shares of Vedanta Ltd. traded 2.67 per cent up in Wednesday 's trade at 10:45AM (IST). Around 304358 shares changed hands on the counter.

The stock opened at Rs 78.4 and touched an intraday high and low of Rs 79.15 and Rs 77.0 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 246.9 and a 52-week low of Rs 61.1 .

Vedanta Ltd., incorporated in the year 1965, is a Large Cap company (having a market cap of Rs 28566.66 Crore) operating in Diversified sector.


Key Financials

The company reported consolidated sales of Rs 21126.0 crore for the quarter ended 31-Dec-2019 , down -2.82 per cent from previous quarter's Rs 21739.0 crore and down -10.74 per cent from the year-ago quarter's Rs 23669.0 crore.

Bottomline for the latest quarter stood at Rs 2348.0 crore, 49.17 per cent from the corresponding quarter last year .

Shareholding pattern
As of 31-Mar-2020 , domestic institutional investors held 10.909471 per cent stake in the company , while foreign institutional investors held 15.178609 per cent and the promoters 0.004321967 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 3.47 and a price-to-book ratio of 208.4 .A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for 'nil' growth in the business.

Vedanta Ltd. belongs to the Diversified industry.